Trustees discussed the FY 2025-26 budget during an Aug. 6 meeting. LISD’s revenue and expenditures are expected to be balanced, according to a presentation from LISD Chief Financial Officer Scott Wrehe.
“We’ve made a lot of reductions to the budget from last year,” Wrehe said.
At a glance
The proposed budget includes about $577.9 million for general fund revenues, and an equal amount in expenditures.
Projected enrollment, estimated average daily attendance and property values are down year-over-year. Of the total expenditures, LISD is expected to contribute $22.8 million toward recapture, spend $438 million on payroll and spend $112.9 million in non-payroll expenses from its general fund.
The maintenance and operations tax rate is higher than the previous year and the interest and sinking tax rate is lower than the previous year. The overall tax rate is the same as the previous fiscal year at $1.1178 per $100 valuation, according to district documents.
LISD is saving around $19 million in contracted services, by bringing substitute teachers and transportation services in house, according to district documents.
The budget also includes:
- About $192 million in the debt service budget
- About $27.3 million in child nutrition expenditures
Superintendent Lori Rapp said district officials had to make hard decisions to avoid a budget deficit.
“Thank you so much for all of the work around the hard decisions that you’ve had to make and hopefully you see that that came to fruition with the budget that we’re bringing to you this evening,” Rapp said.
Looking ahead
District officials are expected to present another budget update on Aug. 25 at a special board meeting. The meeting will be at 6 p.m. at the LISD Administration building, which is located at 1565 W. Main St., Lewisville.
